OrderFlow charts and Notes 10/09/14

General Chat Transcript

Room Name: VtrenderDate and Time: September 10, 2014 09:27:57

[08:58]r m : Good Morning folks![09:00]Sharad : Good Morning[09:04]Kathir : Good Morning RM Ge Sharad 🙂[09:04]Shai : GM all[09:04]Shai : http://vtrender.com/levels-and-plan-for-10th-sept/[09:04]Kathir : @RM wow what a morning for me 🙂[09:05]Kathir : GM Shai[09:05]r m : Hi Kathir :[09:05]r m : 🙂[09:05]Kathir : @Shai Thanks for the usd/inr info.[09:07]Shai : 🙂 MW[09:09]Shai : sgx is projecting a gap down at the lower end of Monday[09:10]Shai : there are trapped buyers between 8160- 8185 of yesterday and 8152- 8165 of monday[09:10]Shai : their reaction holds the key to the open IB[09:12]Sharad : Now we can say definately USDINR is always ahead in trend[09:16]Shai : oh yes currencies lead always[09:16]Kathir : @Sharad thanks for the usd/inr info from you yest 🙂[09:16]Shai : Buyers at open[09:17]Sharad : welcome[09:17]Shai : BNf not breaking down yet[09:17]Kathir : @Shai buy bnf as per hypo now?[09:17]Shai : overnight shorts if any part book here at 8139[09:18]Shai : tgt of the move is atill 8110- 8106 but we may come to test 8160 once[09:18]Shai : Yes Kathir[09:18]Kathir : ok[09:19]Kathir : @RM part booked 8100 pe now[09:22]r m : Congrats![09:22]r m : double congrats actually, USDINR61CE and 8100PE 🙂[09:25]Sumit : gm Shai, rm, Kathir, Sharad[09:26]Kathir : @RM ge thanks 🙂[09:26]r m : Hi Sumit[09:26]Kathir : Hi Sumit[09:27]Shai : looks more of an OAOR open in NF- the initial buyers are not coming back[09:27]Sharad : GM Kathir[09:29]Sharad : Rcom 115[09:30]Kathir : yes shard i missed it yest didnot notice the lows yest 🙁[09:30]Sharad : ohhh[09:30]Kathir : shai told supp rcom spot is 109.70 and yest low was 110.1[09:31]Kathir : and cipla too[09:31]Sharad : That is why i always keep reverse SL to initiate buy or sell at our desired price[09:31]Kathir : thats good have to follow[09:33]Sumit : Shai, for today bias now is more negative or move up posible[09:34]Shai : Sumit more likely a 8110- 8160 kind of day[09:34]Sumit : ok thanks[09:35]Sumit : and in short term we may be breaking off from month rise trend?[09:35]Shai : more likely an extended sideways mode[09:35]Sumit : ok[09:36]Sumit : thanks Shai[09:38]Shai : No aggressive selling at the open yet[09:40]Shai : /ES also at the imp 1983- 1986 support band[09:40]Shai : either buyers respond and take it to the 2033 target or can dop to 1947/ 1933 from here[09:42]Anay : ES?[09:43]Shai : spx futures[09:43]Anay : ok[09:43]Shai : NF settling into an OAOR[09:44]Shai : that means only scalping opportunities for next few hours[09:44]Shai : BNF can do that 80% trade[09:45]Shai : 16173- 16225[09:46]Sumit : nf vwap band is very close and contracting[09:47]Shai : yes[09:49]Kathir : huge blue in NF[09:55]Mandar : Gm all. Shai , can you pls check Easun reyrolle MP.[09:59]r m : Hi Mandar[10:00]Anay : GM Mandar[10:00]Mandar : Hi Rm, Kathir, Anay.[10:03]Mandar : hey Anay nice too see you here 🙂[10:04]Kathir : Hi mandar[10:12]Anay : @Shai ITC looks good for swing long…[10:12]Anay : can u check MP[10:12]Shai : sure[10:19]Shai : Easun short term objective was 74 this week – may have been taken by a stray hit[10:19]Shai : If current day low holds miuns a few that it can run up to 74 and 77.4 next week again[10:20]Mandar : thanks Shai.[10:20]Shai : however if 69.2 btreaks then 65.8 comes easily[10:21]Mandar : ok[10:24]Shai : easun- http://screencast.com/t/PbdWHPEQ5FD[10:25]Shai : ITC not doing welll by coming below 355.1 – vah weekly is 352.7 and a must hold support[10:25]Mandar : thanks shai.[10:26]Shai : see support at 350.7- 351.5 and then 347.1 is the big one in ITC[10:27]Anay : ok thanks[10:27]Shai : Prefer to buy ITC over 355.2 if initiating or wait to see if support holds at weekly vah[10:27]Anay : ok[10:29]Mandar : Shai , is it possible to check MP of Easun from 2009 on wards at your leisure.[10:29]Shai : ITC- http://screencast.com/t/aunQdMA1i9[10:30]Shai : Sure Mandar- but that would be on daily profiles[10:30]Mandar : ok.[10:30]Shai : 1 minurte data is only past 500 days with esigna;[10:30]Shai : esignal[10:30]Mandar : ok[10:31]Shai : any idea how much backfill 1 minute data GDFL gives?[10:31]Anay : 60 days[10:31]Anay : but I have 1 min data since 2011[10:31]Shai : even for cash stocks?[10:32]Anay : nope…only FnO[10:32]Anay : they had started providing cash data…but stopped due to lack of demand[10:34]Shai : ok[10:37]Shai : Yearly- Easun- http://screencast.com/t/hNgTvqBqquF[10:37]Shai : 1st obj of the consolidation of 2012 and 2013 was 105 and it hit 99 I think[10:37]Mandar : yes[10:38]Shai : monthly- http://screencast.com/t/QLmay37s4L7J[10:39]Shai : FEB , M and April is the value area and aug and sept we have come down to touch it at 65 therabouts[10:40]Shai : if we penetrate then we go to march lows aroun 57-58[10:40]Mandar : something cooking . mgmt has increased stake from last quarter[10:40]Shai : however does look like may lows and feb lows will hold[10:41]Shai : something happened in june july[10:41]Mandar : buy with stop of 30 for tgt 200 ?[10:41]Mandar : yes[10:41]Shai : there is excess there on charts[10:41]Mandar : power related infra story[10:41]Shai : ok[10:42]Shai : abv 77 will challenge 99 again[10:42]Mandar : yes[10:42]Mandar : also turnaround case in making[10:43]Shai : tgts 105/ 139 max 169 from here on upsides based on current data[10:43]Mandar : ok[10:43]Mandar : that is good enough:-)[10:43]Shai : ok- if they come around and re rate it then your tgts will come[10:44]Mandar : mf holding 22%[10:44]Shai : ok[11:04]Kathir : @RM how to convert the MIS to NRML?[11:06]r m : in admin position, choose ‘Detail’ and ‘NetWise’[11:06]r m : then select the scrip and click on ‘Position Conv’ button[11:07]Shai : 1 hr20 minutes done- (09:44) Shai :that means only scalping opportunities for next few hours[11:08]r m : @Kathir, sorry, ‘Detail’ and “DayWise’[11:17]Kathir : @RM thanks ge[11:17]r m : welcome[11:24]r m : When VIX goes sub-13, day traders should proceed on annual vacation 🙂[11:24]r m : http://screencast.com/t/agzOGJ9k1X[11:28]Shai : Nice chart RM[11:28]Shai : Bounce is on in Vix- 13.6 next[11:28]r m : Thanks![11:28]r m : ok[11:29]Shai : selling bars came at 8139[11:29]Shai : they will be happy with 8129![11:29]r m : not very ambitious folks these sellers![11:31]Shai : NF has hit 200 points above last series close with no rise in OI[11:32]Shai : BNF has still good longs in this series[11:32]Shai : avreage BNF play is about 1200 points in a series[11:32]Shai : we have done 500 so far[11:37]Shai : based on the strength in the BNF and the fact that the buyers of yesterday are not liquidating we see 8165/ 8175 from here before 8110[11:39]Anay : ok[11:46]Kathir : @Shai your level of 61.10 usd achieved comfortably..what are the next levels..i mean supp and res from here[11:46]Kathir : short term[11:50]Shai : 61.47[11:50]Shai : close abv 61.07 will make that come faster[11:51]Kathir : ok supp from here ?[11:52]Shai : 60.89[11:52]Kathir : ok thanks[11:52]Shai : watch today’s open price actually- if it holds we close at highs[11:53]Kathir : ok[11:53]Kathir : yes shai the low came to open price and reversed[11:54]Kathir : i am late 🙂[11:54]Shai : May not move much from here[11:55]Shai : expected to remain fallttish now till IIP data out on friday[11:55]Shai : and then if you are still trading moves will take into account RBI on 30th[11:55]Shai : 60.80- 61.40 a rough range if IIP meets expecations[11:56]Shai : *flattish[11:57]Kathir : ok[12:10]Mandar : NIFTY down but A D is 922:551[12:22]Shai : midcaps are +[12:23]Mandar : yes[12:42]Shai : pressure rising on the buyers to come and assert[12:42]Kathir : @RM?[12:42]Kathir : they cant sleep more 🙂[12:42]r m : yep?[12:42]r m : lol[12:42]Shai : Spot has to close abv 8120 today else down to 8077 spot tom[12:43]Kathir : is the high of bnf traded today[12:43]r m : will check, captured high is only 16173[12:49]Shai : ITc slipped to 350.7 and rising now[12:50]r m : @Kathir, 16207 not seen on ODIN charts[12:50]Kathir : ITC spot levels?[12:50]Shai : yes[12:50]Kathir : ok shai[12:50]Kathir : @RM ok thanks..even nf high is not visible[12:52]r m : yes, 8149 is the max seen for NF[12:53]Kathir : ok ge..usd/inr high again[13:01]Shai : 8124 was the high of the afternoon pullback in NF on friday and it traded 8151-8197 majorly on monday even though low was 8137 on mon[13:01]Shai : NF just caught between that late friday and mon auctions in this OAOR[13:03]Anay : OAOR means?[13:03]Anay : sorry for beginner level Qs[13:03]Anay : 🙂[13:04]Shai : open auction out of range[13:04]Anay : ok[13:06]Anay : Thanks[13:06]Shai : This will bring you up to speed- http://vtrender.com/glossary/[13:06]Shai : welcome[13:07]Anay : cool[13:10]Shai : @all , There is a collection of docs in the document folders in your bottom right. Please go through them[13:10]Anay : Sure[13:11]Chiranthan : Yiur view on krbl?[13:14]Shai : Krbl upside looks capped at 102.4 to 104 max[13:14]Shai : support will come near 93.2[13:15]Shai : has run up well this week[13:15]Chiranthan : ok[13:16]Shai : day high to day low in NF[13:20]Anay : buyers in BNF at lows[13:21]Anay : can u post a 10 min OF chart of NF and BNF?[13:21]Shai : sure[13:28]Shai : Buyers responding from 8126 now[13:29]Shai : Keep a NF buy order abv 8134 for 8149/ 8162 with sl of 8124- trade less qty[13:32]Anay : 10 mie n charts not visibl[13:33]Anay : *10 min[13:34]r m : @Anay, you mean scale too small or unable to open?[13:39]Anay : unable to open[13:39]r m : https://www.dropbox.com/s/58w15brk2qh1f29/sept_nf%201.png?dl=0[13:39]r m : https://www.dropbox.com/s/p58tkqbuweq3eqc/sept_bnf%201.png?dl=0[13:40]r m : see if able to open now[13:40]Anay : Thanks 🙂[13:40]Anay : now visible[13:40]r m : welcome[13:46]Shai : Cancle the Buy limit order at 8134[13:47]Shai : NF way beyond the vwap band[13:48]Shai : Those links for intra day and previous day would remain the same[13:48]Shai : they are in documents folder[13:48]r m : ok[13:48]Shai : Try opening them as a separate tab as Omnovia takes it’s own sweet time[13:49]Anay : ok thanks[13:49]Sharad : USDINR 61.25[13:49]r m : it travels all the way from USA under the shark infested oceans 🙂[13:50]Shai : lol[13:50]Anay : @Shai wud it be possible for you to update those 10 min charts every hour or so?[13:50]Anay : or near day high/lows?[13:52]Shai : sure will do[13:52]Shai : BNf holding 16100[13:53]Amit J : mandar which stock you were talking in morning[13:56]Shai : got 60% buy volumes at lows[13:56]Shai : has to enter IB for thiose buyers to be safe[13:56]Anay : ok[14:02]Shai : If Nf gets rejected now between 8125- 8140 then we are headed back to 8080 and failure there can even bring 8020 F by friday[14:02]Shai : OTOH if we close abvove 8140 today through a smart pullback now then we buy 8200 CE’s[14:03]Shai : broadly 8140 ref line low[14:04]Anay : ok[14:04]Shai : highest tick volume of the day came at that recent lows[14:05]Shai : on a bigger scale if tracking spot 8066 and up still keeps the auction pointing upwards[14:06]Shai : failure at 8066 spot can mean 7982 spot[14:06]Shai : that’s in line with the OrderFlow case at 8080 F[14:08]Anay : ok[14:11]Shai : attempts being made to absorb the selling but not succeeding[14:13]Mandar : @Amit sorry was away from terminal. it was Easun rayrolle[14:14]Amit J : thks[14:16]Shai : 8106 breaks then we fall to 8080[14:16]Sharad : covered NF @ 8107 … as per Shai yestreday sold @ 8175[14:16]Shai : pressure kept below the 3SD line[14:17]Shai : not a place for new shorts[14:17]Shai : but buyers not comfortable yet[14:17]Shai : Good trade Sharad 🙂 Credit always to the trader not the view giver[14:18]Sharad : it was your conviction and USDINR[14:18]Sharad : i always see USD for bigger trend of NF[14:18]Shai : yes there was excess yesterday at 8195[14:19]Shai : View is still down and move to 8140 will be used to cover longs I think now[14:19]r m : Congrats Sharad![14:20]Sharad : your target of 8105 came and kept order @ 8107 filled[14:20]Sharad : i was sure because of Shai and USD[14:21]Kathir : good trade sharad[14:21]Shai : yes 8105 is last week’s vwap and had mixed control by buyers and sellers and hence important[14:21]Sharad : still holding Rcom …112 right now[14:21]Shai : 8123[14:22]Shai : 8126 IB low[14:22]r m : BNF going back to val[14:22]Sharad : will sell @ 122 not before that stop 109[14:25]Shai : little bit of green coming in NF[14:26]Amit J : Mandar looks good co. recent order flow from australia can turnaround the company. i will study in detail and get back to you.[14:27]Shai : 8140 imp now for the rest of this week[14:28]Shai : good bounce from 8107 and orderflow buyers heaving a sigh of relief[14:28]Shai : theyb have to hold above 8140[14:29]Mandar : @Amit sure. 🙂[14:30]Sumit : bnf on fire 🙂[14:30]Shai : just did 80%[14:31]r m : yeah, arsonist is Value Area 🙂[14:31]Sumit : that was first trip to 80%[14:31]Shai : yes[14:38]Shai : chart shows the agressive buying as NF dropped lower[14:40]Shai : BNf has sellers abv 16225[14:42]Mandar : Shai , SSLT 290 call looks good. your view pls.[14:45]Shai : I dont have the option chart but cash volumes are not increasing for a good breakout[14:45]Mandar : ok[14:46]Shai : at upper end of range with volumes still in the same avg[14:46]Mandar : ok[14:46]Shai : if 284.1 does not hold it will travel back to 280.9[14:47]Mandar : ok[14:48]Shai : remember NF has to close 8140 plus today[14:56]Shai : that little bit of pink we see in the pane could be some longs letting go[14:57]Shai : still watching for confirmations- (14:19) Shai :View is still down and move to 8140 will be used to cover longs I think now[14:58]Shai : same in BNF – no buying abv vah seen[15:00]Kathir : @shai is there any intra day supp now for usd/inr?[15:01]Shai : 61.08[15:01]Kathir : ok thanks[15:01]Shai : try not to be a heavy trader closer to 61.40[15:01]Shai : RBI can step in anytime there[15:02]Kathir : ok shai[15:02]Sumit : Shai, if price bar go outside of VWAP band, do they hv to come inside or can stay our for long[15:03]Sumit : *out[15:03]Shai : in 95% cases it will come back inside unless you are tarding a news based move like RBi etc[15:03]Shai : *trading[15:03]Sumit : ok thanks[15:04]Kathir : ok[15:04]Shai : when it goes outside the vwap bands it tells us that there is no volume supporting that move out[15:04]Shai : if volume is there then vwap band will expand[15:04]Sumit : ok[15:05]Shai : always safer to book position when out side[15:05]Sumit : these bands are good for profit booking 🙂[15:05]Shai : yes[15:05]Sumit : thanks[15:05]Shai : welcome 🙂[15:05]Chiranthan : View on canbank?[15:10]Shai : taht move in canbk came in last 40 mins?[15:11]Chiranthan : yes[15:13]Shai : some news flow is there – big change in OI[15:13]Shai : price wise more likely to test 397.8 again[15:13]Shai : that vol is huge and I would suggest don’t rush into a position[15:14]Chiranthan : can enter longs at 397?[15:14]Shai : yes 412 possible if 397 holds cash[15:14]Chiranthan : ok thanks[15:16]Shai : mw 🙂[15:17]Shai : Not headed for a good close[15:17]Shai : buyers from 8120 minus not pushing abv 8140 today for some reason[15:18]r m : RBI decides to allow banks to declare entire business group as willful defaulters even if one firm in the group defaults on loans[15:18]Shai : but BNF has stayed strong[15:18]r m : ab Mallya ke bure din aa gaye[15:18]Shai : yes that’s from easrly morning right?[15:19]r m : yes, just read on first post[15:19]r m : even the guarantors will be defaulters now and hence won’t be able to sit on other boards[15:20]r m : http://tinyurl.com/q6glbsu[15:21]r m : looks like BNF’s retirement days are over?[15:23]Kathir : nf trying its best to go with shai[15:23]r m : yeah, finger’s poised over buy button for 8200CE 🙂[15:24]Shai : No keep it for open tom[15:24]r m : ok, thanks[15:24]Shai : that move is a big one to 8228/ 8256 so we can afford to lose 20[15:24]Shai : even 8160 is good[15:25]Shai : usdinr has come off a bit too[15:28]Sharad : bye all[15:29]Shai : Bye Sharad[15:29]r m : Bye Sharad[15:29]Shai : BNf pushing at the close[15:30]Shai : NF also finishibg with strong buying emphasis[15:30]Shai : but just below 8140[15:30]Sumit : good bye everyone[15:30]r m : Thanks and bye folks, have a great evening 🙂[15:30]Mandar : bye all.[15:30]Shai : Bye all[15:30]Kathir : Thanks and bye all 🙂[15:30]Shai : Have a nice eve